NEW – Retiree Health Plan Premium Deduction Option
The Hawaii Employer-Union Health Benefits Trust Fund (EUTF) is pleased to announce that starting January 31, 2018, retirees that pay premiums to the EUTF for their medical, prescription drug, dental and vision plans may now choose to have those premiums automatically deducted each month from their Employees’ Retirement System (ERS) Pension.
If you would like to sign up for automatic payment from your ERS Pension, complete the ERS Pension Deduction Authorization Agreement (ERSD-001) and mail it to the EUTF at PO Box 2121, Honolulu, HI 96805-2121.
If your form is received before November 30, 2017, your deduction may begin January 31, 2018 (unless you are not currently receiving your pension). Beginning December 1, 2017, if your completed form is received by the 10th day of a month, then deductions from your account will begin the second month after receipt of your completed form. If your completed form is received after the 10th of a month, then your deductions will begin the third month after receipt of your completed form. For example:
|Date Pension Deduction Form Received||ERS Pension Deduction Begins|
|Before November 30, 2017||January 2018|
|December 1 – 10, 2017||February 2018|
|December 11, 2017 – January 10, 2018||March 2018|
|January 11, 2018 – February 10, 2018||April 2018|
You may cancel your automatic payments at any time by completing an ERS Pension Deduction Cancellation Form (ERSD-002). If we receive your completed form by the 10th day of a month, then your automatic payments will stop the month after we receive your completed ERSD-002. Otherwise, your automatic payments will stop the second month after we receive your completed form.
If you have previously completed the Automated Clearing House (ACH) Deduction Authorization Agreement and the EUTF is electronically deducting your share of healthcare premiums from your bank account, this will replace such deductions. The EUTF will coordinate termination of the electronic deductions from your bank account with the start of the ERS pension deduction so that a break in payment would be limited, if any.